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Tagged: taxes

CNBC: The UK’s tax collection agency is putting forth a proposal that all employers send employee paychecks to the government, after which the government would deduct what it deems as the appropriate tax and pay the employees by bank transfer. This is the inevitable destination of the socialist utopia. It’s pretty shitty to think that […]

hereby formally and with a full commitment, declare full scale class warfare on those whom we deem make more money than they deserve, and will strive to coerce it from them and give it to those who vote for us in order that we maintain our power. If we fail, we will, however, continue to […]

The terminally libertarded and their press hacks have a serious disconnect with reality. They see the lack of tax revenue as a great injustice, and write about the poor souls who are suffering due to our unwillingness to pay their way through life. The length of the downturn means that many places have used up […]

For those who might argue that President Obama isn’t a progressive ideologue. The Wall Street Journal: Economists who say Mr. Obama should have relied more on tax cuts cite research of an unlikely source: Ms. Romer, his adviser. In a study she and her husband, David Romer, conducted before she joined the administration, Ms. Romer […]

The AP: Treasury Secretary Tim Geithner said that allowing tax cuts for the wealthy to expire would be “the responsible thing to do.” [. . .] “It’s responsible to let the tax cuts expire that just go to 2 percent to 3 percent of Americans, the highest earning Americans,” Geithner told ABC’s “This Week” in […]

Debt, by definition, is what one accrues when one spends more money than one has to spend. Demotards and their friends at The Washington Post would have us believe that debt is what one accrues when one doesn’t make as much as one spends. Although they have blamed Democrats for record budget deficits, most Republican […]

Senator John Kerry. Cato explains: In the future, dictionary publishers should get rid of their existing definitions for “hypocrisy” and replace them with a photo of Massachusetts Sen.ator John Kerry. He’s just been caught committing the horrible sin of saving his family more than $500,000 by domiciling his new yacht in Rhode Island (which is a […]

Just when I thought that Paul Krugman couldn’t be any more full of shit, he proves me wrong time and again. From a recent Opinion column in The New York Times: Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is […]

Fuckin’ great. Not only are we spending an absolutely absurd $700 billion dollars a year for our own military,1 we’re now spending $650 million to fully arm the fledgling Afghan air corps. And we don’t even have the decency to provide them with American arms built in American factories by American workers, but with Russian […]

Lori Montgomery and Brady Dennis of The Washington Post on the rejection of yet more spending: The Senate effectively rejected a slimmed-down package of jobless benefits and state aid late Thursday, rebuffing President Obama’s call for urgent action to bolster the economic recovery. Sens. Ben Nelson (D-Neb.) and Joseph I. Lieberman (I-Conn.) voted with a […]

Greg Kocher in The Lexington Herald-Leader on the Jessamine County Sports Complex: After languishing for a couple of years, the effort to build a soccer and football complex and a Kentucky Pro Football Players Hall of Fame in Nicholasville has been reinvigorated. Local officials say they have a good chance of obtaining federal funding that […]

Jackie Calmes and Sheryl Gay Stolberg via The New York Times: President Obama on Saturday implored Congress to provide more aid to states and cities to blunt “the devastating economic impact of budget cuts” by local governments that imperil the jobs of teachers, the police, firefighters and other public employees. I’m not sure better proof […]

Arthur Laffer via The Wall Street Journal: And it’s also simple enough for most people to understand that if the government taxes people who work and pays people not to work, fewer people will work. Incentives matter.

Steven Muffson and Michael D Shear via The Washington Post: Allies of the president have argued for weeks that the administration should stop talking about BP, the oil company responsible for the spill, and instead tap into the public attention to the catastrophe in hopes of giving it at least some redemptive value in the […]

Daniel J. Mitchell via The Cato Institute: Contrary to her direct quote, Brazil does not have the “highest tax-to-GDP rate in the Western Hemisphere.” It may have the highest tax burden in South America. And it may even have the highest tax burden in all of Latin America, but its overall tax burden of about […]

Next time you hear Obama claim that he has lowered taxes for 95% of the people, you ought to be hearing, “I will absolutely raise taxes for those making less than $250,000 a year, yet I will continue to say that I won’t because the taxes will all be hidden in everything that affects your […]

Despite the fact that California has been in dire financial straights for at least the last 3 years, is currently in the fiscal shitter, in the midst of a $19.1 billion budget gap with one of the highest unemployment rates in the country, has been compared to the failed euro zone states, is looking to […]

Via the Marijuana Policy Project: The agenda for the publicly funded conference, held at the prestigious U.S. Grant Hotel from May 10 through May 13, is not available to the public. In fact, the conference is under the close guard of about a dozen San Diego Police officers and even some military personnel. We do […]